Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1887-03-17
MEN OF NOTE.


How Two Former Residents OF This
Vicinity Have Risen to Positions Of
Celebrity in the East
The Chicago Mall has this to say OF the
two former residents of Davenport, who
we're both well known 10 Rock Island.
and who have lately gained fame in the
east Mr.. ully was especially popular
in this city:
Alfred Sully was bred lawyer This
is true of all the latter-day 6DaBciers
Calvin Bruce was considered one horse
OHIO lawyer with headquarters at Lima
until he went into the business of buying
up and resrranging the rights of way.
whic fiaally developed into the Nickel
Plate Austin Corbin was an lows laws
yer of whom nobody ever heard until he
got to lending good New York money on
good Iowa farms. Sully also was an
Iowa lawyer. He was born in Daven>
port, Iowa, and lived there. studied law
there. aud finally began TO practice there
right along side of that other limb of the
law, Austin Corbin | think Deacon S
Y. White was also bringing suits and
writing briefs in the same town al the
same time. White was an Iowa lawyer,
if he was not Davenport man; WAS Just
about Sullys age, and left the west for
the east at about the same time By the
| time that the law firm of Suily, Brown i
| Caudle WAS the biggest in Davenport,
| Corbin, who had just left the law, was
] the best known banker in the town. The
| latter had been down to New York and
described the rich Iowa farms to the men
AZ Gotham with money, and the result
was tn At Corbin had more money to loan
on good security than any other man in
the state. The bank president finally
prevailed on the senior member of Sully,
| Brown & Candle 10 abandon text books
| md briefs and go into finsncis ring
they hath left Iowa aud moved 10 New
York together The Corbin Banking
company, on Wall street. almost rectly
opposite Broad and within stone s
throw of the stock exchange, is now a
rival of Drexei. Morgan & Co, and Of
Brown Bros & Co From lending money
On Iowa farms Corbin ana Suily naturally
got into railrosding through reorgsnlza>
ton scheme.
| They had made a great deal of money
for rich easteruers. and also tor big
clientsge in Europe. It WAS the mast
likely thing in the world for the clients.
after they had been stuck on the shares
of lot of rsmshacklc and plug roads, to
send their shares to Corbin and Suly and
uSk IN,
the Long Island railroad which used To
be run something ike the coal roads
down in Southern Illinois. and rebuilt it.
equipped it. and VI ,de first rate rail-
road property of it, While they were
doing this its stock went up from among
the twenties TO par, and il is now div
bender The Manhattan head scheme
WAS Corbin and Sully's jointly. Both are
directors in the Philadelphia & Reading
railroad of which Corhin is now presi
dent Sully became known here anf
abroad rs big inancier when the Rich
mond term nal scheme began to be talked
up That involved the purchase and
reorganization of half the railroad mile
age of the south. and was Tor mon b.
looked upon as a rushing financial bubble
that Was all very well so far as il helped
to swell the gossip of the street, but WA
not worthy of consideration in any othel
light.
In all these plans Sully WAS the leader
Corbin WAS the hacker. Finally, aftel
East Tennessee bad been swallowed, and
next Richmond and Dsnville, and sftel
Richmond terminal stock had advanced
good many points, Wall street wake
| up. rubbed its eyes, and acknowledged
that there were new set of schemer
abroad who couldn't be any longer ig,
nored but who needed TO be CAREFUL!
kept track of by people who expected tc
make money specializing,